Riber announces 2025 first-half earnings
MBE firm Riber has released its earnings for the first half of 2025, stating that in a complex international environment, it has recorded solid commercial activity despite particularly 'pronounced seasonality'.
Revenues for the first half of 2025 came to €10.7m, reflecting a delivery schedule concentrated in the second half of the fiscal year. Systems revenues came to €7.8m with three machines delivered, including two for production, compared with three production machines over the same period in 2024. Services and accessories revenues came to €3.0 m.
Given the t seasonality of sales, the company says first-half results cannot be extrapolated to the full year. This trend is reinforced in 2025, with around one quarter of revenues generated in the first half, which nevertheless bears nearly half of fixed costs.
The gross margin for the period came to €3.9m, representing 36.2 percent of revenues, compared with 34.8 percent in the first half of 2024.
Operating expenses were down -6 percent. In this context, operating income came to €(0.7)m, compared with break-even in the first half of 2024.
Net income came to €(0.8)m, compared with a profit of €0.2m in the first half of 2024. It includes net financial expenses of €0.1m.
At the end of June 2025, the cash position amounted to €2.5m, compared with €8.6mn at December 31, 2024. This reflects the impact of delivery seasonality on working capital requirements, the distribution to shareholders from the issue premium paid out in June, and sustained levels of investment.
Shareholders’ equity at end-June 2025 came to €21.3m, compared with €23.6m at the end of 2024, primarily taking into account the half-year earnings and the distribution to shareholders from the issue premium.
Order book at June 30, 2025
At June 30, 2025, the order book stood at €27.7m, down -23 percent compared with June 30, 2024. System orders came to €22.5m (-25 percent), based on nine machines, including six for production.
This change is due to the denial of two export licenses (representing €4m in lost orders) and longer approval timelines for licenses. Orders for services and accessories totaled €5.2m, down -11 percent.
This order book does not include the orders announced in August and September 2025 (two MBE 6000 production systems, one ROSIE machine, and one Compact 21 research system), representing a cumulative amount of around €14m.
Outlook
In a context marked by the rollout of major investment programs in artificial intelligence (AI) and quantum technologies, Riber expects new orders in the fourth quarter of 2025.
The ramp-up of ROSIE, the company's breakthrough technology for silicon-integrated photonics, is being confirmed with the sale of the first two units, validating the growing interest from laboratories and industrial players for solutions compatible with silicon production lines.
Given the visibility of its order book deliverable in 2025 and the opportunities for its equipment and services, Riber confirms its target of revenues above €40m for the full year.
